GBP/USD Price Analysis: bears stepping with eyes on 1.32 the figure
|- GBP/USD bears have moved in asthe US dollar firms in the Tokyo opening hour.
- Bears are looking to the weelly structure for a test of 1.32 the ifgure.
GBP/USD was pressured throughout the month of Novermber and there remains a focus on the downside as the DXY firms in the open taking out hourly resistance:
GBP/USD H1 chart
The pound has made a 38.2% Fibonacci retracement and printed a tweezer top on the hourly chart. The price is breakin gthe trendline support and testing the horizontal support at the time of writing.
Bears will be looking to pounce on sigs of momentum to target at least the prior lows and 1.3130 daily lows ahead of 1.350 there after, as per the following line charts.
GBP/USD daily chart
GBP/USD weekly chart
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